WillScot Mobile Mini Acquires Blast Resistant Module Lease Portfolio
21 Mars 2022 - 1:00PM
WillScot Mobile Mini Acquires Blast Resistant Module Lease
Portfolio
WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the
“Company”) (Nasdaq: WSC), the North American leader in modular
space and portable storage solutions, today announced that it
acquired a portfolio of blast resistant modules and related assets
from Satellite Structures, Inc. The transaction was funded with
cash on hand and borrowings under the Company’s revolving credit
agreement.
Brad Soultz, Chief Executive Officer, commented, “As the leader
in modular space and storage solutions, I am excited to build upon
our industry leading safety culture and technical expertise to
expand our offering of blast resistant modules, making WillScot
Mobile Mini a provider of choice in this segment of the modular
market. This transaction creates new opportunities to grow our
offering with existing customers in the industrial, petrochemical,
manufacturing, defense and other verticals that demand the highest
standards for safety, service, reliability, and turnkey solutions,
all of which WillScot Mobile Mini is uniquely positioned to
deliver. Across all of our verticals, we bring the most
sophisticated capabilities to the most demanding customers. We will
continue to extend those capabilities through our acquisition
strategy and the development of our ‘Ready to Work’ value
proposition, as well as the application of technology and other
commercial and organizational best practices.”
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995 and Section 21E of the Securities Exchange Act of 1934, as
amended. The words "estimates," "expects," "anticipates,"
"believes," "forecasts," "plans," "intends," "may," "will,"
"should," "shall," "outlook" and variations of these words and
similar expressions identify forward-looking statements, which are
generally not historical in nature. Certain of these
forward-looking statements include statements relating value
creation, the Company’s share price, and the Company’s future
performance. Forward-looking statements are subject to a number of
risks, uncertainties, assumptions and other important factors, many
of which are outside our control, which could cause actual results
or outcomes to differ materially from those discussed in the
forward-looking statements. These risks include, without
limitation, the risks and uncertainties described in the periodic
reports we file with the SEC from time to time (including our Form
10-K for the year ended December 31, 2021), which are available
through the SEC’s EDGAR system at www.sec.gov and on our website.
Any forward-looking statement speaks only at the date which it is
made, and WillScot Mobile Mini disclaims any obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
law.
About WillScot Mobile Mini Holdings Corp.
WillScot Mobile Mini Holdings trades on the Nasdaq stock
exchange under the ticker symbol “WSC.” Headquartered in Phoenix,
Arizona, the Company is a leading business services provider
specializing in innovative flexible workspace and portable storage
solutions. WillScot Mobile Mini services diverse end markets across
all sectors of the economy from a network of over 275 branch
locations and additional drop lots throughout the United States,
Canada, Mexico, and the United Kingdom.
Contact Information
Investor Inquiries:
Nick Girardi
nick.girardi@willscotmobilemini.com
Media Inquiries:
Scott Junk
scott.junk@willscotmobilemini.com
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